Top-rated Indiabulls Housing Finance has foreclosed its public bond sales on Friday, the second day since its opening as institutions rushed to buy the securities amid falling interest rates. But, the issue fell short of attracting retail investments in full as over three-fourths of the limit for retail section remained unsubscribed till its close. The company received bids for 505.33 crore against 2,100 crore allotted.

For institutions, it saw an oversubscription up to 4,605 crore versus 1,400 crore, earmarked for the specific class of investors.

The company has raised 7,000 crore in total marking half of the total issue size as an option to retain over subscription.